Q2 2025 · 13F-HR
Immersion Capital LLPholdings as filed
Filed 2025-08-14 · accession 0001874761-25-000010
$99.4M
Reported value
10
Positions
2025-06-30
Period end
The Brief · Immersion Capital LLP · Q2 2025
AI · grounded in 13F
Immersion Capital LLP established a new position in RYAAY valued at $21.6M. The fund also initiated new stakes in BLK for $18.4M and V for $18.1M. Additional new positions include HEI/A at $17.4M and HDB at $6.4M. The fund ended the period with 10 positions and total AUM of $99.4M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $21.6M | 21.7% | 374,242 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $18.4M | 18.5% | 17,543 | Common | SOLE |
| 92826C839 | V | VISA INC | $18.1M | 18.2% | 50,911 | Common | SOLE |
| 422806208 | HEI/A | HEICO CORP NEW | $17.4M | 17.5% | 67,406 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $6.4M | 6.42% | 83,205 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATL RY CO | $5.6M | 5.61% | 53,634 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $5.5M | 5.54% | 25,500 | Common | SOLE |
| 055622104 | BP | BP PLC | $2.9M | 2.96% | 98,176 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $2.7M | 2.71% | 85,874 | Common | SOLE |
| G0896C103 | TBBB | BBB FOODS INC | $777,280 | 0.78% | 28,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.